News: Spotlight Content

2024 Women in Construction: Cathy Savino-Berger, Levine Builders

Cathy Savino-Berger
Chief Financial Officer
Levine Builders

 

“As Chief Financial Officer, Cathy is continuously finding and implementing ways to streamline processes, fostering increased efficiency. Under her leadership, the team has achieved the building of over 14,000 affordable, market-rate and hospitality units, and she has overseen financial reporting of over $2 billion in construction revenue.” - Paul Finamore, Chief Executive Officer at Levine Builders.

What recent project, accomplishment or award are you most proud of? We recently celebrated the topping out of 1057 Atlantic Ave., a 474,000 s/f, 17-story mixed-income residence in Bedford-Stuyvesant, Brooklyn. Upon completion, 1057 Atlantic Ave. will deliver 456 residential units, 31,000 s/f of ground-floor retail space and 35,000 s/f of state-of-the-art resident amenity spaces to the community.

What is one of the most exciting developments or innovations impacting the AEC industry right now? All the advancements in technology are allowing us to be more efficient, accurate and collaborative. Our cloud-based management and financial software’s feed information to each other through an ERP connection. This has significantly saved time and errors that can be made when information needs to be duplicated in systems.

MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary